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ECN101 Economics for Environment and Development

Credits (ECTS):10

Course responsible:Jörn Magnus Merkle

Campus / Online:Taught campus Ås

Teaching language:Engelsk

Course frequency:Annually

Nominal workload:250 hours

Teaching and exam period:This course starts in Spring parallel. This course has teaching/evaluation in Spring parallel.

About this course

The course is an introductory course in economics, with special emphasis on development, environmental and natural resource economics, policy analysis with emphasis on environmental issues and sustainable development.

Issues and concepts discussed in the course include inequality, technology, population, growth, scarcity and choice, social interactions, game theory, mutual gains and conflict, firms, supply and demand, markets and market failure, economic efficiency and public policy, external effects, renewable and non-renewable resources, climate change, cost benefit analysis, sustainable development.

Learning outcome

Knowledge:

  • Show basic knowledge of economic issues such as inequality, technology, population, growth, scarcity and choice, social interactions, game theory, mutual gains and conflict, firms, supply and demand, markets and market failure, economic efficiency and public policy, external effects, renewable and non-renewable resources, climate change, cost benefit analysis, sustainable development.

Skills:

  • Explain and use simple economic models.

General competence:

  • Communicate the core ideas, concepts and analysis in the course to others.
  • Learning activities
    Lectures, compulsory assignments/exercises and individual reading.
  • Assessment method
    Final written in-class examination (3 hours) accounts for 100% of the grade.

    Written exam Grading: Letter grades Permitted aids: B1 Calculator handed out, no other aids
  • Examiner scheme
    External examiner will participate in the assessment of the examination process.
  • Mandatory activity
    • Excursion to Norges Bank.
    • Written assignments: Three out of four assignments must receive a passing grade.

    Mandatory activity is valid until the next time the course is offered and for re-examination.

  • Notes
    The course is in English. Incoming students can contact student advisors at the School of Economics and Business (studieveileder-hh@nmbu.no) for admission to the course.
  • Teaching hours
    Lectures: 2 x 2 hours per week for 12 weeks
  • Reduction of credits
    ECN110 Microeconomics I - How to Think like an economist - 3 ECTS, ECN170 Environmental and Resource Economics - 3 ECTS, ECN100 What is Economics? - 5 ECTS, EDS140 Economics for Environment and Development - 10 ECTS.
  • Admission requirements
    Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).